Indian Hills Community College Foundation
- Assets
- $33.5m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Ottumwa, IA
- Founding
- 02/1976
- Data as of
- 06/2022
- EIN
- 23-7414672
Organization Overview
Indian Hills Community College Foundation is located in Ottumwa, IA. The organization was established in 1976. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian Hills Community College Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Indian Hills Community College Foundation generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.4% each year . All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 8.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SCHOLARSHIPS TO QUALIFIED STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Franke Vice Preside | OfficerTrustee | $0 | |
Taren Ferguson Treasurer | Officer | $0 | |
Blaire Siems Executive Di | Officer | $0 | |
Becky Henderson Secretary | Officer | $0 | |
Kelly Heckart Accountant | Officer | $0 | |
Daniel O'rourke Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,983,689 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,983,689 |
| Total Program Service Revenue | $0 |
| Investment income | $271,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,318,189 |
| Net Income from Fundraising Events | $2,642 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,575,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,886,754 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,849 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,838 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,043 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,541,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,091 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $600 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,530 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $33,145,406 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $33,459,627 |
| Accounts payable and accrued expenses | $2,041 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,041 |
| Net assets without donor restrictions | $21,768,076 |
| Net assets with donor restrictions | $11,689,510 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $33,459,627 |
Grants Recieved
Over the last fiscal year, we have identified 21 grants that Indian Hills Community College Foundation has recieved totaling $1,115,765.
| Awarding Organization | Amount |
|---|---|
Morgan E Cline Perpetual Charitable Foundation Centerville, IA PURPOSE: CONSTRUCTION OF NEW FACILITY | $600,000 |
Morgan E Cline Perpetual Charitable Foundation Centerville, IA PURPOSE: CONSTRUCTION OF NEW FACILITY | $400,000 |
Schwartz Memorial Foundation Trust Milwaukee, WI PURPOSE: SCHOLARSHIPS | $20,880 |
Charles E Fahrney Education Foundation Milwaukee, WI PURPOSE: SCHOLARSHIPS | $15,500 |
Edward J Schwartz Perpetual Educational Tr Fund Ottumwa, IA PURPOSE: SCHOLARSHIPS | $14,964 |
Frances Gilmore Grubbs Charitable Trust Milwaukee, WI PURPOSE: GENERAL OPERATING | $13,379 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Augustine College Chicago, IL | $15,853,961 | $18,146,895 |
Pierce Mortuary Colleges Inc Broadview, IL | $14,603,316 | $16,634,477 |
Metropolitan Community College Foundation Omaha, NE | $18,326,887 | $11,124,448 |
College Of The Menominee Nation Keshena, WI | $15,783,806 | $11,637,458 |
Lac Courte Oreilles Ojibwe College Hayward, WI | $16,000,980 | $10,229,989 |
Central Community College Foundation Inc Hastings, NE | $18,731,696 | $3,222,811 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Southeast Community College Educational Fdn Lincoln, NE | $34,869,920 | $7,534,713 |
Westside Community Schools Foundation Inc Omaha, NE | $4,889,901 | $5,389,514 |
Red Lake Nation College Red Lake, MN | $10,975,659 | $17,279,436 |
Kirkwood Community College Foundation Cedar Rapids, IA | $43,540,342 | $11,748,704 |
Southeastern Community College Foundation West Burlington, IA | $16,375,654 | $3,936,639 |